The ears of the Chartered Institute of Taxation were pricked by the debate this week about
VAT on energy bills and the EU.
Not exact matches
And we must be wary of the assumption that less or no
VAT on energy will lead to lower
bills because that relies upon companies passing
on the saving to customers rather than taking it as extra profits.
The Leave campaign says this would abolish the 5 % rate of
VAT on household
energy bills by the date of the next general election.
Energy bills: Estimated in SAP at # 496 per year / # 41 per month (for heating, lighting, hot water, ventilation but not appliances) & with PHPP at # 240 per year / # 20 per month for space heating only (based
on electricity price of 15.4 p per kWh, inc
VAT but not standing charges).